share the statement of cost of services and logically interpret the business's performance againt the provided benchmarks .

Statement of Cost of Services For the Month Ended January 31, XXX Beginning Work in Process Inventory Direct Materials: Materials - Beginning Add: Purchases for month of January Materials Available for Use Deduct: Ending Materials Materials Used 5,000 5,000 (3,000) latina Olocoon 2,000 Direct Labor Overhead Total Service Costs 6,240 2,800 11,040 Deduct: Ending Work in Process Inventory Cost of Services 11,040 * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain Contribution Margin Analysis Break-Even Analysis Instructions - Milestone 3 Type here to search o e MILESTONE 3 - Statement of Cost of Services INSTRUCTIONS: The following are the actual numbers for January: Materials Purchased $5,000 of Materials Consumed 40% of those purchased materials Direct Labor Direct Labor was $6,240 Overhead Overhead was $2,800